Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.92 and traded as high as $20.76. Fidus Investment shares last traded at $20.75, with a volume of 52,961 shares changing hands.
Fidus Investment Price Performance
The firm's fifty day simple moving average is $20.46 and its 200 day simple moving average is $19.93. The company has a market capitalization of $708.82 million, a PE ratio of 7.46 and a beta of 1.39.
Fidus Investment (NASDAQ:FDUS - Get Free Report) last issued its earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The firm had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same quarter in the prior year, the business earned $0.68 earnings per share. On average, equities research analysts anticipate that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.
Fidus Investment Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 11.67%. This is a positive change from Fidus Investment's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Tuesday, December 17th. Fidus Investment's payout ratio is 61.43%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDUS. Wetzel Investment Advisors Inc. purchased a new position in shares of Fidus Investment in the 2nd quarter valued at about $32,000. McIlrath & Eck LLC acquired a new stake in Fidus Investment in the third quarter valued at approximately $59,000. Farther Finance Advisors LLC increased its position in shares of Fidus Investment by 23.6% in the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager's stock valued at $146,000 after buying an additional 1,426 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Fidus Investment during the 3rd quarter worth approximately $268,000. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Fidus Investment during the 2nd quarter valued at approximately $335,000. Hedge funds and other institutional investors own 28.14% of the company's stock.
Fidus Investment Company Profile
(
Get Free Report)
Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
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